Please Help: how the calculation procedure of bank housing loan
Posted Date : 01-Apr-2023 , 01:47:30 pm | Posted By Kollipara sundaraiah
A person housing loan rs:50 lacs required from bank.f.y 20-21 year profit declared rs:4,50,000/- f.y.21-22 profit declared rs:4,90,000/- show in it returns bank .Doubt:how the caculataion procdure bank loan
Category : Finance | Answers : 0 | Comments : 2 | Hits : 2107
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anup kumar
13-Aug-2023 , 01:54:59 pmUSUALLY 50 % OF INCOME IS TREATED AS AMOUNT AVAILABLE FOR REPAYMENT OF BANK EMI . It means two years average comes 470000/- and 50 % of it is 235000/- available for bank loan repayment apart from these nature of income it is regular income with appropriate base and supporting of its ingenuity , age of borrower any other loan will also be relevant
anup kumar
13-Aug-2023 , 01:54:59 pmUSUALLY 50 % OF INCOME IS TREATED AS AMOUNT AVAILABLE FOR REPAYMENT OF BANK EMI . It means two years average comes 470000/- and 50 % of it is 235000/- available for bank loan repayment apart from these nature of income it is regular income with appropriate base and supporting of its ingenuity , age of borrower any other loan will also be relevant